Economy

Service Sector Slows: Sign of the Times as Consumers Shift Spending?
Economy
Service Sector Slows: Sign of the Times as Consumers Shift Spending?
November 03, 2023

The latest ISM Services PMI reading came in at 51.8 in October, down from a 53.6 reading in September. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Continuing Unemployment Claims Creep Up As Layoffs Mount
Economy
Continuing Unemployment Claims Creep Up As Layoffs Mount
November 02, 2023

Jobless Americans might be having trouble finding work, according to new unemployment data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Fed Weighs Future Rates Hikes as Consumer Spending Persists
Economy
Fed Weighs Future Rates Hikes as Consumer Spending Persists
October 29, 2023

Just how resilient is the American consumer? It’s a key question facing the Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Disposable Personal Income Growth Lags Pace of Inflation
Economy
Disposable Personal Income Growth Lags Pace of Inflation
October 27, 2023

Inflation is strong. Consumer spending is strong. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...

Summer Spending Surge Fuels 4.9% Jump in GDP
Economy
Summer Spending Surge Fuels 4.9% Jump in GDP
October 26, 2023

Strong consumer spending this summer helped drive economic growth in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Fed Survey: Businesses Expect Sales Growth to Slow
Economy
Fed Survey: Businesses Expect Sales Growth to Slow
October 25, 2023

American businesses are less sure about future sales than they were before the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Central Banks Debate Inflation Targets, Asset Purchases and Monetary-Fiscal Coordination
Economy
Central Banks Debate Inflation Targets, Asset Purchases and Monetary-Fiscal Coordination
October 22, 2023

Central banks worldwide are seeking lessons from the cost-of-living crisis, as they convene for their penultimate meetings of the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Fed’s Beige Book Paints Portrait of ‘Mixed’ Consumer Spending
Economy
Fed’s Beige Book Paints Portrait of ‘Mixed’ Consumer Spending
October 18, 2023

The latest qualitative readings on the U.S. economy show that economic activity, at best, seems stagnant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Consumers Face ‘Funflation’ as Live Event Prices Surge
Economy
Consumers Face ‘Funflation’ as Live Event Prices Surge
October 17, 2023

For many Americans, having fun has apparently become a source of financial stress. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....